32 New Market Road - 1 Units for Rent

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32 New Market Road – PropertyGuru Market Pulse Insights

Search activity over the past month shows the development continuing to appear in the local consideration set within the Boat Quay / Raffles Place / Marina market. Drawing on 30 days of PropertyGuru search activity, the property maintains a consistent presence among active rental seekers looking for residential options in this central location.

Pricing by Unit Types:

Key Takeaway: Recent rental interest for this development is primarily driven by its strategic positioning within the central business district. While specific layout preferences are currently distributed across the available inventory, the property remains a visible choice for those prioritizing proximity to major employment hubs. The current search volume suggests a steady baseline of interest from renters who value the convenience of this established urban enclave. Selective availability in this high-demand area continues to support the project's ongoing market relevance.

Location & Lifestyle Highlights — 32 New Market Road 220m (3 mins) to CHINATOWN MRT STATION — This major interchange connects you to both the North East and Downtown Lines, making your daily commute across the city incredibly fast and simple. 32 New Market Road puts you right in the heart of a vibrant heritage district where modern efficiency meets traditional charm. Living here means having everything from famous local food to essential transport links literally at your doorstep. Nearby hotspots: MRT Stations (5 within 1 km):

• CLARKE QUAY MRT STATION (698m, 8-9 mins) — Easy access to the riverside dining belt and North East Line for quick trips to the city center.
• OUTRAM PARK MRT STATION (766m, 9-10 mins) — A vital triple-line interchange connecting the East-West, North East, and Thomson-East Coast Lines.

Bus Stops (51 within 1 km):

• OPPOSITE STATE COURT (117m, 1-2 mins) — Convenient bus services right around the corner for quick travel to surrounding districts.
• CHINATOWN STN EXIT E (291m, 3-4 mins) — Multiple bus routes available to help you navigate the downtown area with ease.

Education & Early Learning:

• CAMFORD INTERNATIONAL COLLEGE (75m, 1 min) — A very short walk to private educational facilities right in the neighborhood.
• MY FIRST SKOOL (495m, 5-6 mins) — Reliable early childhood education nearby, making it handy for parents with young children.
• OUTRAM SECONDARY SCHOOL (931m, 11-12 mins) — A reputable local secondary school within walking distance for older students.

Healthcare & Wellness:

• FAMILY MEDICINE CLINIC CHINATOWN (323m, 3-4 mins) — Professional medical services nearby for all your family's health needs.
• PEACE FAMILY TCM CLINIC (410m, 4-5 mins) — Traditional Chinese Medicine options available close by for holistic wellness.

Shopping & Retail:

• PEOPLE'S PARK COMPLEX (62m, 1 min) — An iconic landmark for affordable shopping and essential services just steps away.
• SHENG SIONG (261m, 3-4 mins) — A well-stocked supermarket nearby for all your fresh groceries and daily household supplies.
• CHINATOWN POINT (369m, 4-5 mins) — Modern mall featuring a wide range of retail brands, a library, and lifestyle shops.

Dining & Food:

• CHINATOWN COMPLEX FOODCOURT (61m, 1 min) — Home to a massive variety of famous local hawker delights and affordable meals.
• S11 (52m, 1 min) — A quick and convenient spot for casual dining right next to your home.
• MCDONALDS (221m, 2-3 mins) — Familiar fast food options available just a short stroll away for a quick bite.

Entertainment & Attractions:

• RAFFLES PLACE (1321m, 15-16 mins) — Proximity to the central business district offers plenty of high-end dining and urban sights.

Highly attractive for: Young Urban Professionals, Savvy Investors, Young Couples

Market & Rental Insights

32 New Market Road demonstrates a dynamic rental market with significant appreciation across various bedroom types.

• Median Rental Appreciation: 1-bedroom units saw rents rise from S$2,150 → S$3,000 (39.53%), while 2-bedroom units increased from S$2,300 → S$2,650 (15.22%) over the last one year.
• Transactions:7 rental transactions in the last 6 months, showing modest rental activity.
• PG Pulse Insight: Rental growth remains exceptionally strong for smaller units, supported by modest rental activity and a stable median PSF of S$643.

Published date: October 2, 2026